IKEA to More Than Double Investment in India, Expand Stores and Online Presence

Sweden's IKEA plans to more than double its investment in India to over Rs 20,000 crore (2.2 billion USD) in the next five years, aiming to expand its store count from six to 30 and increase local sourcing. The company will start online operations in four new cities, including Chennai and Coimbatore, before opening physical stores—a first globally. IKEA's India sales rose 6% to Rs 1,861 crore in the year ended August 2025, with plans to quadruple sales. It will also double production for domestic sales and exports to 800 million euros. Despite US tariff hikes on Indian imports, IKEA's suppliers remain largely unaffected as shipments target other markets.